Israel is well known as a world leader in cybersecurity and a critical innovation hub driving the development of tools and resources aimed at fighting cybercrime and managing the increased digital security risks organizations face today.
Investors know this all too well.
According to Israel National Cyber Directorate, in 2021, the country’s cybersecurity sector attracted a record $8.8 billion in funding, and one out of every three cybersecurity unicorns in the world is based in the Middle Eastern country.
It is not surprising then that many of Israel’s cybersecurity firms sell their products and services to militaries and intelligence agencies across the world, but also to private businesses, from banks and FinTechs to online platforms and retailers.
Israel’s role as a lynchpin in the global cybersecurity ecosystem also means that local businesses are deeply embedded into payment networks and technologies. In recognition of this, Mastercard launched a FinSec innovation lab in the country last year, designed to cultivate startups working at the intersection of cybersecurity and FinTech.
Read on: Mastercard Launches Innovation Lab in Israel with Enel X
As the FinSec lab…
